Grace & White Inc. NY Sells 73,584 Shares of Orion Energy Systems, Inc. $OESX

Grace & White Inc. NY lessened its stake in Orion Energy Systems, Inc. (NASDAQ:OESX) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,987 shares of the electronics maker’s stock after selling 73,584 shares during the quarter. Grace & White Inc. NY owned 0.06% of Orion Energy Systems worth $3,399,000 at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

Several research firms recently commented on OESX. Zacks Research cut shares of Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Energy Systems in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Orion Energy Systems presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Orion Energy Systems Stock Performance

Shares of OESX stock opened at $9.59 on Friday. The company’s fifty day simple moving average is $10.71 and its 200-day simple moving average is $12.68. The company has a quick ratio of 0.95, a current ratio of 1.35 and a debt-to-equity ratio of 0.76. The firm has a market cap of $38.84 million, a PE ratio of -6.71 and a beta of 0.73. Orion Energy Systems, Inc. has a 12 month low of $5.50 and a 12 month high of $18.64.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Thursday, February 5th. The electronics maker reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. The business had revenue of $21.09 million for the quarter, compared to analyst estimates of $20.81 million. Orion Energy Systems had a negative net margin of 5.62% and a negative return on equity of 31.62%. Equities research analysts expect that Orion Energy Systems, Inc. will post -0.32 EPS for the current fiscal year.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.